U.S. Markets closed
  • S&P 500

    3,629.65
    -5.76 (-0.16%)
     
  • Dow 30

    29,872.47
    -173.77 (-0.58%)
     
  • Nasdaq

    12,094.40
    +57.62 (+0.48%)
     
  • Russell 2000

    1,845.02
    -8.51 (-0.46%)
     
  • Crude Oil

    44.99
    -0.72 (-1.58%)
     
  • Gold

    1,814.20
    +3.00 (+0.17%)
     
  • Silver

    23.31
    -0.06 (-0.24%)
     
  • EUR/USD

    1.1916
    -0.0003 (-0.0238%)
     
  • 10-Yr Bond

    0.8780
    -0.0040 (-0.45%)
     
  • Vix

    21.25
    -0.39 (-1.80%)
     
  • GBP/USD

    1.3354
    -0.0029 (-0.2137%)
     
  • USD/JPY

    104.2350
    -0.2050 (-0.1963%)
     
  • BTC-USD

    17,203.95
    -775.23 (-4.31%)
     
  • CMC Crypto 200

    336.56
    -33.96 (-9.17%)
     
  • FTSE 100

    6,362.93
    -28.16 (-0.44%)
     
  • Nikkei 225

    26,537.31
    +240.45 (+0.91%)
     

Intel, Qualcomm VCs invest in Israeli mobile tech firm Cellwize

·1 min read

TEL AVIV, Nov 9 (Reuters) - Israel's Cellwize Wireless Technologies, a provider of mobile network automation technology, said on Monday its parent company raised $32 million in a funding round led by Intel Capital and Qualcomm Ventures LLC.

Verizon Ventures, Samsung Next and existing shareholders also participated in the funding round.

Cellwize said it will use the funds to expand globally, penetrate adjacent markets and enhance the capabilities of its CHIME platform, which has been deployed in 5G network rollouts for tier-1 carriers.

Its platform enables operators to accelerate their 5G deployment by automating key business processes, using artificial intelligence and machine learning. (Reporting by Tova Cohen Editing by Steven Scheer)